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FuelCell Energy Today: FuelCell Energy (FCEL) is an environmentally responsible distributed baseload power solution, through proprietary molten-carbonate fuel cell technology. Similar to PLUG, and CLNE, FuelCell is paving the way for green-energy for the world. Yesterday, on Dec 30 2020, FCEL went on a ~10% bullish run, and looks to continue the run into New Years Eve. In this FuelCell Energy Today video, we cover a news article that was published on Dec 28, 2020, as well as technical analysis, including established resistance and support levels, average volume, volume moving average, RSI, 10 day and 2 day trends, and expected price action.
FuelCell Energy Article: https://www.nasdaq.com/articles/fuel-cell-energy-is-a-promising-stock-in-an-overheated-market-2020-12-28
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What is up, everybody welcome back to trades trades, where we get technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these. Given stocks. I'd like to preface by saying that i am not a financial advisor nor expert, i am just some random dude on youtube, so take what i say with a grain of salt. The reason i started this channel is because a couple years back, i was about thirty thousand dollars deep in some really bad medical debt, and i was very lucky to have some close family friends and mentors that pushed me to work really hard and invest my money In the stock market - and here i am sitting today - financially free and a much different guy, so if i can pass along any of those information, resources or tools to you guys and change your lives just a little bit hey, that's all man can ask for uh.

Lastly, if you wouldn't mind dropping a like on the video really does help support the channel and consider subscribing if you'd like to see more content like this, i do post videos daily multiple times a day and i do cover fuel cell energy quite frequently, as i Do like this stock quite a bit so today we're going to be looking at ticker symbol, fcel fuel cell energy incorporated and one of my subscribers recommended that i try something out so you have to. Let me know what you think of it. It was uh rev, dr funny shoe. He said uh also, please move the mic away a bit, so we don't hear all the inhales.

Please and i've noticed this in the videos to you guys. I apologize for that. I've got the mic moved back a little bit. Please let me know in the comment section down below, if that's a little better for you, uh, don't want to don't want to hurt your eardrums if you got headphones in, but anyways we're gon na, be looking at fuel cell today and establish a couple different things.

So uh i've got the 10-day chart pulled up here. We're gon na look at the overall trend. How bullish how bearish we're looking overall we're gon na look at the volume the average volume the volume moving average uh i'll talk a little bit about the rsi, but i try not to pay too much attention to this because traders, trade with emotion as we've said Before on this channel, but we will briefly touch on it and what i think it means - and i have a news article that i'd like to start with, to give you an idea of why i, like fuel cell, so much so we're going to start off by Reading this article, i've got pulled up right here. For you, it says: fuel cell energy is a promising stock.

In an overheated market, fuel cell stock has been on a quiet ride, quite a ride in the past year. It's up more than one thousand percent. In the past 12 months, yet year-to-date, the stock is only up only up as if that's not a lot 273 percent. That seems a bit odd, but it shows how alternative energy stocks are powering ahead with little resistance.

First, fuel cells energy's origin story: the company is similar to bloom energy, in that it uses a fuel cell to convert natural gas or biogas into electricity. The middle part of the conversion using a proprietary molten carbonate, fuel cell technology, produces hydrogen, so i'll leave the link to this in the description, if you'd like to read it more closely, but i do want to talk about why it's it's been taking off this year. Has been a boon for alternative energy companies from the massive fighters in the west and flooding across the nation, more people are realizing that energy insecurity is getting close to their homes. Now i i'm a realist like i don't.

I don't think that fuel cell or plug or clean energy, or you know, bloom energy. I don't think any of these companies are going to be the hottest companies in the us within the next year. Right, it's going to take time. We still, i think, 95 percent of cars on the roads are still gas running oil running cars right, so this is going to be something that is going to take some time.

You know it could be anywhere from 5 to 10 to 15 years to truly see these companies take off in the in in the car in the automobile sector, however, fuel cell plug clean energy. These companies are starting to take off and it is because of what we've seen in the country right and in america we've seen. You know, lots of wildfires we've seen climate change. We can see that we're running out of fossil fuels and this isn't a political thing to me.

You know this is a science thing i mean we can. We can look it up and everybody talks about it. You know carbon emissions and all that sort of stuff. So fuel cell is a company that recognizes that and they produce clean energy in a in a world where we need that clean energy right plus we have an electrical grid that would look familiar to thomas edison, and yet almost all our devices have electrical components.

Far more than edison's day, then we had a massive shift in energy resources. Coal had been dying for years and natural gas became a new, cleaner option and the us had massive amounts of natural gas. So we've already made the shift one time guys and can you imagine when coal was the natural gas source? What people were saying about swishing the gasoline i guarantee it was the same stuff. It was that'll, never work, we've been using coal for for hundreds of years.

You know lot of uh the clothes, the clothes as good as it gets. It's the bee's knees, dude yeah. Well, it's the same thing happening right now with gas, guys it's. It seems so unfathomable to think that something could change, but i guarantee you that it will things always change the world's always changing think about business 10 years ago, before the apple iphone came out.

You know what can you imagine what life would be like without that life change, just like that, it doesn't take anything and fuel cell could be one of those disruptors in the country, and i firmly believe it will be, and that's why i have a position in This stock, so we're going to look at the 10-day chart here. We can see that we opened up on the 17th at about 8 52 and we closed off here on the 30th at 11. 74.. So, overall we are about a bullish trend and we are coming closer to the overall high on fuel cell for the last uh i think a year yep, and it was actually brought to my attention by a subscriber that this stock used to be a powerhouse.

Like a freaking monster, look at this. This is legit guys. I looked this up. This stock used to be worth seven thousand seven thousand eight hundred and thirty three dollars whoa, that's pretty nuts anyways.

I don't. I don't see us going that that far clean energy is cool, but that's a that's a that's a steep climb anyways. We do still have room to run and i think this 12 mark you know eventually is going to be the next line here that we're looking for so we're currently sitting in the after hours at 11 and 80 cents. We are trading above the volume moving average.

We have been above the volume moving average for the last day and a half really we started taking off in the after hours in pre-market uh yesterday and we've just been up. Since i mean we had a little bit of a price rejection right here, so i will. I will draw that up as a resistance line once we get to the two day chart, but if we can get over this level right here at 12 20, i think we'll be getting pretty close to 13 bucks and for all of my position holders in fuel Cell that follow the channel. I hope you guys held your positions.

I hope that you were able to buy more on this, this solid dip down to 10 and 30 cents. That was a perfect opportunity to improve your position in the stock guys um. I it'll be hard for me to see this stock drop into the tens again um unless there's some pretty negative news, catalyst that comes out or we have some pretty major sell-offs. I i think we're going to be looking at.

You know 12 bucks. Today, however, i'm not a wizard, i can't predict the future, so uh make sure you do your own due diligence, but i do think this company is going to cross that 20 mark relatively soon, but within a month to three months and beyond that it has a Lot more room for growth: now, let's go to the two-day chart here and take a look at the one minute time frame and we're going to establish some levels of resistance and support, and i was asked by a couple of people how you find support and resistance. I do have a couple of videos on that and they're in a playlist on my channel. If you want to check them out, they're very simple, they're.

Only like three four five minutes long. I tried to keep them as simple as possible, because trading on support and resistance really is an easy thing guys. I promise you um. So, let's take a look at a couple of levels here that we're going to have what you're looking for with resistance is a couple of contact points and price rejection points.

So if we zoom out here to five days, let's see if we have anything one. Two three, so this acted as a prior resistance in the past this 1087.. So that's one two contact points. We had some price rejection here.

So that's three, four five, so i would consider this 1087. A pretty solid resistance line and resistance can support, can also act as resistance, as you can see here. So in the past, this acted as a resistance line, but once we came above that now it acts as a support level right. So we bounced off of that and we had some pretty solid price rejection to the upward direction.

So that is our first level of support that i would watch for. If you want to write that down 1087, if we do dip below that, i would expect that we come pretty close to 10 by the end of the day, and you guys know what we do if it drops below uh 1087 right. We scoop that up. We scoop it up.

This is an opportunity not for you to get upset that your stock isn't going up, but to improve your position to dollar cost average down, because when we believe in the stocks that we invest in, it's just an opportunity to make more money. Guys, i'm telling you i'm telling you i love this company. I love this stock yeah, just compassionate. You have to give me a break, i'm sorry uh.

We have a second and i'll have to zoom out here to double check, but i'm going to guess a second support level right here, yeah. I feel pretty good about that. So we got one two three four different contact points here: um and - and we did come off of these pretty well um - you can see here when we bounced off of 1139. It was a pretty solid bounce.

I mean we went up almost an entire dollar sign. There's about 90 cents, or so so i do feel pretty good about that as a secondary level of support. So have these numbers written down for the trading day uh if we do drop below 11 39. I'd expect to see a pretty harsh sell-off because, usually when you break through a level of support sellers step in very hard and they try to punch the hammer down, so they can maximize their profits, um and if the same thing happens at 1087.

If we, if we get a candlestick, that dips below that i'd watch for one two, three different candlesticks and if they drop below that 1087 i'd expect a pretty hard sell-off in the other side of things. I would expect if we go above this resistance right here at the candle wick of 12 20. and candle wick sticks, dude, there's so much information in those. So what a candlelight stick is guys is buyers or sellers trying to push the price up in a given direction.

So, like look at this one, for example, um at you know, we opened at 11.98 when we got up to 12 10. The low is 1191.. This tells us a lot guys. This candlestick tells us.

Okay, there was uh, there was buyers that watched tried to push the price up. It got up to you, know twelve dollars and ten cents, but then sellers stepped in and said uh-huh. This is too high of a price valuation for the company right now, so they pushed it back down, and that indicates how strong or weak buyers or sellers are in the market and this candlestick kind of shows. You know some indecision right here right.

So we have a pretty long wick on the bottom, pretty long wick on the top indecision, and shortly after that, we saw a little bit of a sell-off. You know so that that kind of thing can be very indicative um. In the same light, we have this candlestick right here, very, very long, no, no wicks, really they're very short wicks. That can be an indicator that buyers are strong or like here, sellers were strong right.

We opened up with a very thick wick or a thick um candle base, red candle, which means sellers were strong at the market. That's why we saw a pretty steep sell-off. You know, let's just give you some examples of what's happening here, but i would look for that 1220 level and the stock and if we do break over that, i believe 13 is going to be the next resistance line to watch, for we do have one other Wick, that's pretty indicative right here in the after hours market. You know sitting at about 12 55.

So do watch for that as well. So if we go through 12 20 12 55 and then i would be watching very closely for 13. Lastly, i wanted you to watch the volume today guys because volume drives volatility and volatility drives higher price valuations uh. Look to see that we are sitting around the same amount of volume.

You know in a in a 15 minute chart we're usually looking at between 4 million to 2 and a half million at market open, and if you see similar numbers, that's probably a good sign. Of course it is new year's eve, so i would expect to see a little less volume today. It's tough to say for sure, but that's just my personal opinion um, but just watch for that and the rsi is the last thing i don't want to touch on. We have been actually maintaining pretty well between the the 30 and the 70 here you know we can see a pretty solid pattern of up down up down up.

Maybe we might see it down here. You know it's tough to say for sure. If we do just be prepared for it, um expect the worst and hope for the best. If we do drop back down below 11, it's an opportunity to scoop up more shares, anyways, that's what i will be doing.

I just got paid by the army yesterday and i'm gon na put a fat thousand dollars into this account so that i can increase my positions when red days come. So that is all i have for the video today guys if you enjoyed it. Please drop a like uh if you'd like to join the the family out here in the community. Please consider subscribing to the channel, as i do post videos every single day and i just started a new series called uh subscriber recommended uh stocks, so i will be covering one subscriber recommended stock every single day and all you need to do for me to cover It is make sure that you subscribe to the channel and drop one in the comment section down below and i will get to you as soon as i can.

I've got a solid list going right now and uh yeah. That's all i got for you. So thanks for coming the channel - and i will see you all next time - peace.

By Trey

3 thoughts on “Fuelcell fcel up almost 10%! // fuelcell energy today // $20 price target? technical analysis”
  1. Avataaar/Circle Created with python_avatars Frank Barone says:

    Picked up a few more @ $11.20 ๐Ÿ‘๐Ÿป

  2. Avataaar/Circle Created with python_avatars Kenneth Faulkner says:

    Clean energy is the future. You are correct, things change faster than people think. A witness to the Battle of Little Bighorn could have watched the Apollo moon landing on TV. Thanks for backing the mic up. thanks for the video!

  3. Avataaar/Circle Created with python_avatars Lex is says:

    It was not worth that much…had a reverse split…this can be misleading…

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